Gold futures rise past $425, trade at 6-month high

SAN FRANCISCO (CBS.MW) -- Gold futures climbed above $425 an ounce to trade at their highest level in six months with investment demand sparked by general uncertainty in the broader market as well as weakness in the U.S. dollar. December gold is up $3.50 at $425.10 an ounce in New York after trading as high as $426.90 earlier. "Gold bulls mustn't lose sight of the driving forces behind this move," said Peter Grandich, editor of The Grandich Letter, an investment publication. "Triple deficits (current account, trade and budget) and long lasting geopolitical concerns are key underpins to this move."

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